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Middle East Crisis Drags Down Finnish Economy, GDP Growth May Only Reach 0.6%

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The Finnish Ministry of Finance announced that due to the Middle East crisis, the 2024 GDP growth forecast has been revised down to 0.6%, and the public deficit is expected to expand to 4.6% of GDP. If the situation does not improve, the debt-to-GDP ratio could exceed 99% by 2030, risking EU oversight.

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